Texas invites accommodation P3s

The state, which is rich in land assets, has issued new guidelines encouraging developers to submit "business plans" to construct and operate a wide array of facilities from power generation sites, to office buildings and medical centres.

The guidelines, written in response to Senate Bill 1048 passed earlier in the year, outline the state's hopes to reduce its reliance on leased facilities - currently costing around US$150m per year - and enable the private sector to assist it with developing new complexes on state land.

An eleven-member government oversight group will review each proposal within 45 days of it being submitted. Any proposals accepted by the Texas Facilities Commission will be published.